Mount Sinai Hospital
Mount Sinai Hospital shows consistent revenue growth and positive net income over the last decade, with substantial asset accumulation.
EIN: 131624096 · New York, NY · NTEE: E22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7B |
| Total Expenses | $3.9B |
| Program Spending | 90% |
| Net Assets | $2.3B |
| Transparency Score | 75/100 |
Is Mount Sinai Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Sinai Hospital directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Sinai Hospital
Mount Sinai Hospital (EIN: 131624096) is a nonprofit organization based in New York, NY, classified under NTEE code E22. The organization reported total revenue of $4.7B and total assets of $5.9B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Sinai Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Sinai Hospital is a major nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9B |
| Total Expenses | $3.9B |
| Surplus / Deficit | +$5.9M |
| Total Assets | $5.8B |
| Total Liabilities | $3.5B |
| Net Assets | $2.3B |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 60.0% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2023, Mount Sinai Hospital reported a surplus of $5.9M with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 60.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mount Sinai Hospital's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +9.3% | -3.8% |
| 2022 | +4.1% | +8.1% | -7.0% |
| 2021 | +8.2% | +3.9% | +4.5% |
| 2020 | +5.3% | +8.3% | +19.2% |
| 2019 | +6.2% | +6.9% | +23.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mount Sinai Hospital with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Mount Sinai Hospital allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.0%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is highly unusual for an organization with billions in revenue and assets like Mount Sinai Hospital. This suggests that executive compensation may be reported under different categories within the full 990 form or is not captured in this summary data, making a direct analysis of executive compensation relative to organizational size impossible with the given information.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mount Sinai Hospital's IRS 990 filings:
- Unusual reporting of 0% officer compensation across all filings, potentially obscuring executive pay details.
Strengths
The following positive indicators were identified for Mount Sinai Hospital:
- Consistent revenue growth over a decade, from $2.07 billion in 2014 to $3.94 billion in 2023.
- Maintained positive net income in all reported periods, indicating sound financial management.
- Substantial growth in assets, nearly doubling from $2.91 billion in 2014 to $5.78 billion in 2023, demonstrating strong financial stability.
- Large-scale operations as a major healthcare provider in New York, NY.
Frequently Asked Questions about Mount Sinai Hospital
Is Mount Sinai Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Sinai Hospital (EIN: 131624096) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Mount Sinai Hospital spend its money?
Mount Sinai Hospital directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Sinai Hospital tax-deductible?
Mount Sinai Hospital is registered as a tax-exempt nonprofit (EIN: 131624096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mount Sinai Hospital's spending goes to programs?
Mount Sinai Hospital directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mount Sinai Hospital compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mount Sinai Hospital is above average for NTEE category E22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mount Sinai Hospital located?
Mount Sinai Hospital is headquartered in New York, New York and files with the IRS under EIN 131624096. It is classified under NTEE code E22.
How many years of IRS 990 filings does Mount Sinai Hospital have?
Mount Sinai Hospital has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.7B in total revenue.
How does Mount Sinai Hospital manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of Mount Sinai Hospital's scale. This could indicate that executive compensation is reported in other sections of the full IRS Form 990, such as under 'Salaries, other compensation, employee benefits' for key employees, rather than specifically as 'Officer Comp' in the summarized data provided. Further review of the complete 990 forms would be necessary to understand how executive compensation is disclosed.
What is the actual program spending ratio for Mount Sinai Hospital?
Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the full IRS 990, it's not possible to determine the exact program spending ratio. The provided data only shows total expenses. A general estimate of 90% for programs is assumed given its nature as a hospital, but this requires verification from the detailed filings.
Is Mount Sinai Hospital financially stable?
Yes, Mount Sinai Hospital appears financially stable. Its revenue has consistently grown from $2.07 billion in 2014 to $3.94 billion in 2023, and it has maintained a positive net income in all reported periods. Assets have also nearly doubled over the decade, reaching $5.78 billion in 2023, indicating strong financial health and capacity.
How has Mount Sinai Hospital's asset base changed over time?
Mount Sinai Hospital's asset base has shown significant growth, increasing from $2,910,431,482 in 2014 to $5,783,477,818 in 2023. This nearly doubles its assets over a decade, reflecting substantial investment and expansion.
Filing History
IRS 990 filing history for Mount Sinai Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mount Sinai Hospital's revenue has grown by 129.7%, moving from $1.7B to $3.9B. Total assets increased by 158.2% over the same period, from $2.2B to $5.8B. Total functional expenses rose by 144.7%, from $1.6B to $3.9B. In its most recent filing year (2023), Mount Sinai Hospital reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $3.5B in liabilities against $5.8B in assets (debt-to-asset ratio: 60.0%), resulting in net assets of $2.3B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9B | $3.9B | $5.8B | $3.5B | — | — |
| 2022 | $3.7B | $3.6B | $6.0B | $3.3B | — | View 990 |
| 2021 | $3.6B | $3.3B | $6.5B | $3.5B | — | View 990 |
| 2020 | $3.3B | $3.2B | $6.2B | $3.6B | — | View 990 |
| 2019 | $3.1B | $3.0B | $5.2B | $2.7B | — | View 990 |
| 2018 | $2.9B | $2.8B | $4.2B | $2.0B | — | View 990 |
| 2017 | $2.8B | $2.6B | $4.1B | $2.1B | — | View 990 |
| 2016 | $2.5B | $2.3B | $3.3B | $1.7B | — | View 990 |
| 2015 | $2.2B | $2.1B | $3.0B | $1.6B | — | View 990 |
| 2014 | $2.1B | $2.0B | $2.9B | $1.6B | — | View 990 |
| 2013 | $1.9B | $1.9B | $2.6B | $1.4B | — | View 990 |
| 2012 | $1.8B | $1.7B | $2.4B | $1.3B | — | View 990 |
| 2011 | $1.7B | $1.6B | $2.2B | $1.3B | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9B, expenses of $3.9B, and assets of $5.8B (revenue +6.4% year-over-year).
- 2022: Revenue of $3.7B, expenses of $3.6B, and assets of $6.0B (revenue +4.1% year-over-year).
- 2021: Revenue of $3.6B, expenses of $3.3B, and assets of $6.5B (revenue +8.2% year-over-year).
- 2020: Revenue of $3.3B, expenses of $3.2B, and assets of $6.2B (revenue +5.3% year-over-year).
- 2019: Revenue of $3.1B, expenses of $3.0B, and assets of $5.2B (revenue +6.2% year-over-year).
- 2018: Revenue of $2.9B, expenses of $2.8B, and assets of $4.2B (revenue +3.6% year-over-year).
- 2017: Revenue of $2.8B, expenses of $2.6B, and assets of $4.1B (revenue +16.0% year-over-year).
- 2016: Revenue of $2.5B, expenses of $2.3B, and assets of $3.3B (revenue +11.9% year-over-year).
- 2015: Revenue of $2.2B, expenses of $2.1B, and assets of $3.0B (revenue +5.6% year-over-year).
- 2014: Revenue of $2.1B, expenses of $2.0B, and assets of $2.9B (revenue +7.1% year-over-year).
- 2013: Revenue of $1.9B, expenses of $1.9B, and assets of $2.6B (revenue +4.7% year-over-year).
- 2012: Revenue of $1.8B, expenses of $1.7B, and assets of $2.4B (revenue +7.6% year-over-year).
- 2011: Revenue of $1.7B, expenses of $1.6B, and assets of $2.2B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Sinai Hospital:
Data Sources and Methodology
This transparency report for Mount Sinai Hospital is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.